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Boeing Co. (BA) has nearly managed to stem all of its cash outflow during the second quarter, indicating that new CEO Kelly Ortberg’s turnaround efforts are starting to pay off, according to a Bloomberg report.
Boeing’s shares surged nearly 1.3% in Tuesday’s pre-market trading session following the announcement of Q2 results. Stocktwits data shows the retail sentiment around the BA stock was in the ‘bullish’ territory at the time of writing.
Ortberg addressed employees to discuss the company’s performance at the half-year mark, according to a Bloomberg report.
“We’re just over halfway through 2025 and I’m pleased with our progress. Change takes time, but we’re starting to see a difference in our performance across the business,” he said.
Boeing managed to keep the cash outflow during Q2 to just $200 million, far lower than the $1.8 billion that analysts expected, according to the report.
It reported a loss of $1.24 per share, lower than the estimated loss of $1.4, according to Stocktwits data.
The airplane maker’s revenue stood at $22.75 billion, higher than the expected $22.12 billion.
While the company burned through $14 billion in cash last year, it has begun clawing its way back now. Aircraft deliveries have consistently risen, totaling 280 in the first six months of 2025, the highest in the first six months of any year since 2018, according to the report.
Boeing’s earnings were also hit this quarter by a $1.1 billion settlement that it reached with the Justice Department last month.
As part of the deal, Boeing will pay $444.5 million to the families of the 346 victims in the two 737 Max crashes in 2018 and 2019.
Boeing’s stock has surged nearly 34% year-to-date and 27% over the past 12 months.
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